Content-type: text/html ~ Stephen's Web ~ What is Web3 and how does blockchain enable it?

Stephen Downes

Knowledge, Learning, Community

This article outlines the major elements of web3. "Web3 is a vision and technology effort—coupled with economic incentives—to rebalance economic power in the web across service providers, application developers and consumers. This effort envisages a decentralized, more balanced world. Trust and power are distributed across service providers and application or content creators, consumer privacy is honored (as responsibility of data management moves to the edge) and creators are compensated for their creations." It's a response and a pushback against centralized identity, data and content providers. I'm less sanguine about the 'tokenized economy' but the rest seems pretty important to me.

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Stephen Downes Stephen Downes, Casselman, Canada

Copyright 2024
Last Updated: Jul 15, 2024 02:19 a.m.

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